Lamb Weston (LW) Proxy filing summary

Executive summary

• Focus to Win strategy and cost reduction program are driving alignment and investment in growth areas.

• Significant progress achieved in customer partnerships, executional excellence, and innovation.

• Fiscal year 2026 results exceeded plan, led by North America with volume and sales growth and healthy margins.

• International operations addressed market challenges by focusing on select markets and consolidating production.

• Strong free cash flow generated while reducing capital expenditures after completing major growth investments.

Risk oversight and compliance

• Forward-looking statements highlight uncertainties and risks, with reference to risk factors in the latest 10-K filing.

• Readers are cautioned not to place undue reliance on forward-looking statements, which are subject to change.

Voting matters and shareholder proposals

• Proxy materials filed as definitive additional materials for shareholder consideration.